Reports on private sector hiring offer a preview of what to expect in Friday’s federal jobs report, including a growing gap in wage growth between high earners and lower-income households.
Economists say numbers that will be released Friday by the Bureau of Labor Statistics on unemployment and wage growth will help them get a sense of consumer’s spending power going forward.
Inflation and job creation are expected to hold steady, but revisions to the 2025 jobs numbers are expected to be large enough to show a net loss for all of last year.
The percentage of Americans out of work for 27 weeks or longer hit 26% in December. It's more evidence of a low-hire, low-fire economy — and that AI is starting to replace certain jobs.
The November unemployment rate in doesn’t represent a lot of people losing their jobs. It’s just that more and more people who want work are having trouble finding it.